ACC1

NCEA L1 Accounting

Course Description

Teacher in Charge: Miss R. Robinson

Our Rangitahi need knowledge and skills to help them make good money decisions at each life stage. 

Accounting helps them to do this and enables students to develop financial capability skills to manage the financial affairs of individuals, communities and businesses. These are all useful skills not just for those wishing to follow a traditional accounting career but also for the self-employed or those wanting to become a business manager. 

In Level 1 Accounting students will develop the knowledge to manage the financial affairs of individuals, whanau, community organisations and local small or medium entities, while acting with integrity.

The course covers:

  • Individuals/Households - managing personal finances, budgeting, bank records and reconciliation statements, explaining documents used in financial transactions, calculation of financial position and investigating cash controls used 
  • Businesses – processing financial data, preparation of financial statements, analysis and interpretation of financial reports, making informed financial decisions and developing business skills for individuals, businesses and community organisations

Course Overview

Semester A
In Semester A we look at financial decision making, cash management and accounting for community organisations

Semester B
In Semester B we look at the accounting concepts and analysis of financial information as we work towards the NCEA external exams

Pathway

Credit Information

This course is eligible for subject endorsement.

Total Credits Available: 28 credits.
Externally Assessed Credits: 12 credits.
Internally Assessed Credits: 16 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 90976 v3
NZQA Info
Accounting 1.1 - Demonstrate understanding of accounting concepts for small entities

Further assessment opportunities will not be offered for this standard in line with NZQA guidelines

3
3
3
Level: 1
Internal or External: External
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90977 v3
NZQA Info
Accounting 1.2 - Process financial transactions for a small entity

Further assessment opportunities will not be offered for this standard in line with NZQA guidelines

Level: 1
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90978 v3
NZQA Info
Accounting 1.3 - Prepare financial statements for sole proprietors

Further assessment opportunities will not be offered for this standard in line with NZQA guidelines

Level: 1
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90979 v3
NZQA Info
Accounting 1.4 - Prepare financial information for a community organisation's annual general meeting

Further assessment opportunities will not be offered for this standard in line with NZQA guidelines

Level: 1
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90980 v3
NZQA Info
Accounting 1.5 - Interpret accounting information for sole proprietors

Further assessment opportunities will not be offered for this standard in line with NZQA guidelines

Level: 1
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90981 v3
NZQA Info
Accounting 1.6 - Make a financial decision for an individual or group

Further assessment opportunities will not be offered for this standard in line with NZQA guidelines

Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90982 v3
NZQA Info
Accounting 1.7 - Demonstrate understanding of cash management for a small entity
Level: 1
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 28
Total Level 1 Literacy Credits: 18
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0